City of Racine - File #: 0689-26

• File #: 0689-26
• Version: A
• Name: Subject: Communication sponsored by Alder Land, to approve a resolution authorizing the issuance and establishing the parameters for the sale of up to $22,700,000 of 2026 general obligation promissory notes dated October 28, 2026 to be used for paying the
• Type: Communication
• Status: Committee Report To Council
• File created: 7/30/2026
• In control: Finance and Personnel Committee
• On agenda: 9/1/2026
• Final action: 9/1/2026
• Title: Subject: Communication sponsored by Alder Land, to approve a resolution authorizing the issuance and establishing the parameters for the sale of up to $22,700,000 of 2026 general obligation promissory notes dated October 28, 2026 to be used for paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2026 capital improvement plan. Recommendation of the Finance and Personnel Committee on 08-24-2026: To approve a resolution authorizing the issuance and establishing the parameters for the sale of up to $22,700,000 of 2026 general obligation promissory notes dated October 28, 2026 to be used for the paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2026 capital improvement plan. Fiscal Note: This is the City’s normal annual borrowing for the Long term capital projects of $18,806,462 and equipment of $3,893,868 that were approved and budgeted in the 2026 bud...

Date	Ver.	Action By	Action	Result
9/1/2026	A	Common Council	Approved	Pass
8/24/2026	A	Finance and Personnel Committee	Recommended For Approval
8/5/2026	A	Common Council	Referred

Title

Subject: Communication sponsored by Alder Land, to approve a resolution authorizing the issuance and establishing the parameters for the sale of up to $22,700,000 of 2026 general obligation promissory notes dated October 28, 2026 to be used for paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2026 capital improvement plan.

Recommendation of the Finance and Personnel Committee on 08-24-2026: To approve a resolution authorizing the issuance and establishing the parameters for the sale of up to $22,700,000 of 2026 general obligation promissory notes dated October 28, 2026 to be used for the paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2026 capital improvement plan.

Fiscal Note: This is the City’s normal annual borrowing for the Long term capital projects of $18,806,462 and equipment of $3,893,868 that were approved and budgeted in the 2026 budget.